MXIVX vs. FAOIX
MXIVX (Great-West International Value Fund) and FAOIX (Fidelity Advisor Overseas Fund Class I) are both Foreign Large Cap Equities funds. Over the past 10 years, MXIVX returned 9.08%/yr vs 7.79%/yr for FAOIX. Their correlation of 0.83 suggests significant overlap in exposure. MXIVX charges 1.07%/yr vs 1.12%/yr for FAOIX.
Performance
MXIVX vs. FAOIX - Performance Comparison
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Returns By Period
Over the past 10 years, MXIVX has outperformed FAOIX with an annualized return of 9.08%, while FAOIX has yielded a comparatively lower 7.79% annualized return.
MXIVX
- 1D
- -0.40%
- 1M
- -0.17%
- 6M
- 5.25%
- YTD
- 8.57%
- 1Y
- 22.94%
- 3Y*
- 18.19%
- 5Y*
- 10.25%
- 10Y*
- 9.08%
FAOIX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.12%
- 3Y*
- 7.79%
- 5Y*
- 3.38%
- 10Y*
- 7.79%
MXIVX vs. FAOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXIVX Great-West International Value Fund | 8.57% | 39.08% | 5.46% | 18.05% | -15.20% | 10.38% | 10.20% | 22.07% | -15.68% | 25.12% |
FAOIX Fidelity Advisor Overseas Fund Class I | 0.00% | 15.25% | 4.92% | 20.35% | -24.38% | 19.23% | 15.08% | 27.82% | -14.85% | 30.05% |
Correlation
The correlation between MXIVX and FAOIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1993 | 0.83 |
Over the past year, the correlation between MXIVX and FAOIX has dropped to 0.44 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
MXIVX vs. FAOIX — Risk / Return Rank
MXIVX
FAOIX
MXIVX vs. FAOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West International Value Fund (MXIVX) and Fidelity Advisor Overseas Fund Class I (FAOIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MXIVX | FAOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.93 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.39 | +2.48 |
| Martin ratioReturn relative to average drawdown | 7.63 | -0.61 | +8.23 |
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Drawdowns
MXIVX vs. FAOIX - Drawdown Comparison
The maximum MXIVX drawdown since its inception was -76.77%, which is greater than FAOIX's maximum drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for MXIVX and FAOIX.
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Drawdown Indicators
| MXIVX | FAOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.77% | -59.86% | -16.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -7.28% | -4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -13.63% | -13.98% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -29.13% | -36.33% | +7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -33.18% | -36.33% | +3.15% |
Current DrawdownCurrent decline from peak | -1.60% | -5.85% | +4.25% |
Average DrawdownAverage peak-to-trough decline | -22.12% | -14.17% | -7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 4.36% | -1.20% |
Volatility
MXIVX vs. FAOIX - Volatility Comparison
Great-West International Value Fund (MXIVX) has a higher volatility of 3.51% compared to Fidelity Advisor Overseas Fund Class I (FAOIX) at 0.00%. This indicates that MXIVX's price experiences larger fluctuations and is considered to be riskier than FAOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXIVX | FAOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 0.00% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 1.53% | +10.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.25% | 8.18% | +6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 16.70% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 16.29% | +3.00% |
MXIVX vs. FAOIX - Expense Ratio Comparison
MXIVX has a 1.07% expense ratio, which is lower than FAOIX's 1.12% expense ratio.
Dividends
MXIVX vs. FAOIX - Dividend Comparison
MXIVX's dividend yield for the trailing twelve months is around 5.49%, less than FAOIX's 8.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAOIX Fidelity Advisor Overseas Fund Class I | 8.49% | 8.49% | 1.66% | 0.96% | 0.63% | 2.06% | 0.00% | 1.35% | 5.09% | 3.79% | 1.49% | 0.63% |
MXIVX Great-West International Value Fund | 5.49% | 5.96% | 4.97% | 3.27% | 2.99% | 4.27% | 1.99% | 2.42% | 27.79% | 2.85% | 0.00% | 0.00% |
Frequently Asked Questions
MXIVX and FAOIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXIVX has higher volatility (3.51%) compared to FAOIX (0.00%). In terms of maximum drawdown, MXIVX dropped -76.77% vs FAOIX's -59.86%.
MXIVX currently has the higher Sharpe Ratio (1.71 vs -0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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